Wednesday, December 17, 2008

Bush: we can get rid of the principles but keep the system

marjorie says...

George W. Bush on CNN:

"I've abandoned free-market principles to save the free-market system."

So what does a system look like if its principles are abandoned, i.e.--tossed to the side?

It's somewhat amazing to me that he can say this with a straight face.

Bush went on to lay our economic crisis at the feet of greed and says he hopes people learn the lesson without dismantling the "free market." What does "free" mean, exactly, to George Bush?
Let's get real. If there were such a thing as "free trade" then NAFTA would not require twenty two chapters that fill two thick volumes.

There is no "free-market" and one thing Bush ought to abandon ASAP is that euphemism, which is code for global corporate capitalism--a system that requires a lot of negotiation and regulation.